A third of Swiss chief financial officers expect local job cuts
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A third of Swiss chief financial officers expect local job cuts
According to a survey by the consulting firm Deloitte, Swiss chief financial officers (CFOs) are somewhat pessimistic about the future. In view of the strong Swiss franc and the US tariffs, many expect local jobs to be relocated abroad.
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According to the survey of 119 Swiss financial managers published on Wednesday, a good third believe that the economy will develop negatively or even very negatively. Only 24% are positive or very positive.
According to Deloitte, the fact that the strong franc and the US import duties of 39% on various Swiss exports introduced in August are putting pressure on the business location is also reflected in personnel planning.
+ Around 20,000 jobs at risk over tariffs, says economist
More than a third of the CFOs surveyed (37%) expect their company to cut jobs in Switzerland over the next twelve months. At the same time, a similar number of CFOs (35%) expect the number of employees in the company to increase abroad.
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Translated from German by DeepL/jdp
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